Retirement plan

WPMG 401(K) RETIREMENT SAVINGS PLAN

Name: WASHINGTON PERMANENTE MEDICAL GROUP - WPMG 401(K) RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: WASHINGTON PERMANENTE MEDICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPMG 401(K) RETIREMENT SAVINGS PLAN, WASHINGTON PERMANENTE MEDICAL GROUP

WASHINGTON PERMANENTE MEDICAL GROUPEIN 91-1841629Plan #001PY 2019

1300 SW 27TH STREET - RENTON, WA 98057206-630-4320wpmgcareers.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$66.5M assets #004Retirement-$12.2M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$1100.3M

-9.8% from 2016

Total participants

2,368

-9.2% from 2016

Average account balance

$518,504

-5.7% from 2016

Annual return

20.33%

-10.79 pp from 2016

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$654K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,248

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$269

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 23 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$128,626
FINANCIAL ENGINES1 year Service code 26 1050 ENTERPRISE WAY · SUNNYVALE, CA 94089	Advisory (Participants)	$118,823
MERCER5+ years Service code 26 · EIN 61-0736136	Advisory (Participants)	$110,418
LPL FINANCIAL2 years Filed as: KMS FINANCIAL SERVICES INC Service code 26 2001 6TH AVE · SEATTLE, WA 98121	Advisory (Participants)	$81,484
COLDSTREAM WEALTH MANAGEMENT2 years Service code 26 ONE 100TH AVE NE · BELLEVUE, WA 98004	Advisory (Participants)	$41,349
PINKERTON RETIREMENT SPECIALISTS2 years Filed as: PINKERTON RETIREMENT SPECIALIS Service code 26 2000 JOHN LOOP · COEUR D ALENE, ID 83814	Advisory (Participants)	$23,854
EMPIRICAL FINANCIAL SERVICES L2 years Service code 26 1420 5TH AVE · SEATTLE, WA 98101	Advisory (Participants)	$23,713
KILEY JUERGENS WEALTH MANAGEMENT2 years Filed as: KJWM LLC Service code 26 2409 PACIFIC AVE SE · OLYMPIA, WA 98501	Advisory (Participants)	$20,002
FINANCIAL SERVICES INT'L CORP2 years Service code 26 152 3RD AVE S · EDMONDS, WA 98020	Advisory (Participants)	$19,277
MERCER2 years Filed as: MERCER GLOBAL ADVISORS INC Service code 26 1200 17TH STREET · DENVER, CO 80202	Advisory (Participants)	$19,051

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$903K

$488 / participant

Investment mgmt$565K62.6%
Other / not subdivided$338K37.4%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$518,504

$47,456+992.6%

$172,757+200.1%

$77,775+566.7%

Participation rate

86.7%

66.3%+20.4pp

82.6%+4.1pp

73.2%+13.5pp

Annual return

20.33%

35.57%-15.2pp

803.06%-782.7pp

32.58%-12.2pp

Employer contribution / active EE

$17,822

$1,574+1032.2%

$5,144+246.4%

$2,504+611.8%

Participant deferral / active EE

$13,502

$2,560+427.5%

$5,198+159.8%

$3,966+240.5%

Admin fee / account holder

$425

$81+426.3%

$13,956-97.0%

$100+325.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$128,626

FINANCIAL ENGINES1 year

Service code 26

1050 ENTERPRISE WAY · SUNNYVALE, CA 94089

Advisory (Participants)

$118,823

MERCER5+ years

Service code 26 · EIN 61-0736136

Advisory (Participants)

$110,418

LPL FINANCIAL2 years

Filed as: KMS FINANCIAL SERVICES INC

Service code 26

2001 6TH AVE · SEATTLE, WA 98121

Advisory (Participants)

$81,484

COLDSTREAM WEALTH MANAGEMENT2 years

Service code 26

ONE 100TH AVE NE · BELLEVUE, WA 98004

Advisory (Participants)

$41,349

PINKERTON RETIREMENT SPECIALISTS2 years

Filed as: PINKERTON RETIREMENT SPECIALIS

Service code 26

2000 JOHN LOOP · COEUR D ALENE, ID 83814

Advisory (Participants)

$23,854

EMPIRICAL FINANCIAL SERVICES L2 years

Service code 26

1420 5TH AVE · SEATTLE, WA 98101

Advisory (Participants)

$23,713

KILEY JUERGENS WEALTH MANAGEMENT2 years

Filed as: KJWM LLC

Service code 26

2409 PACIFIC AVE SE · OLYMPIA, WA 98501

Advisory (Participants)

$20,002

FINANCIAL SERVICES INT'L CORP2 years

Service code 26

152 3RD AVE S · EDMONDS, WA 98020

Advisory (Participants)

$19,277

MERCER2 years

Filed as: MERCER GLOBAL ADVISORS INC

Service code 26

1200 17TH STREET · DENVER, CO 80202

Advisory (Participants)

$19,051

WPMG 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPMG 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion